Neutralizing Concerns and Mapping the Trade Competitiveness and Potential of Indian Export with RCEP Countries

IF 3 Q2 BUSINESS

Vision-The Journal of Business Perspective Pub Date : 2023-02-05 DOI:10.1177/09722629221150543

Monika Jain

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引用次数: 2

Abstract

Much debate has surrounded India’s lack of interest in plurilateral regional trade agreements (RTAs) and its decision to opt out of the regional comprehensive economic partnership (RCEP). Against this backdrop, the article attempt to analyse the competitiveness and potential of Indian export items in the RCEP region. The revealed comparative advantage (RCA) index has been employed to study India’s trade competitiveness among RCEP nations between 2010 and 2019 using the WITS (World Integrated Trade Solutions) 2021 database. The study found that India has a comparative advantage in more than 9 product categories out of 16 studied in the article. The article also revealed India’s competitiveness in intermediate goods with the majority of RCEP countries. The analysis found a trade complementarity between India and the RCEP countries and the possibility of increased economic cooperation. The problem lies in the utilization rate and weak export competitiveness of Indian industries. Before signing a new FTA, it is imperative to improve the export competitiveness of Indian enterprises. Given India’s current trade balance, tariff structure and export competitiveness of Indian commodities, we believe India had little option but to withdraw from the RCEP.

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消除担忧，绘制印度与RCEP国家出口的贸易竞争力和潜力

围绕印度对诸边区域贸易协定(rta)缺乏兴趣以及决定退出区域全面经济伙伴关系协定(RCEP)，有很多争论。在此背景下，本文试图分析印度出口项目在RCEP地区的竞争力和潜力。利用WITS(世界综合贸易解决方案)2021数据库，揭示的比较优势(RCA)指数被用于研究2010年至2019年期间印度在RCEP国家中的贸易竞争力。研究发现，在文章研究的16个产品类别中，印度在9个以上的产品类别中具有比较优势。这篇文章还揭示了印度在中间产品方面与大多数RCEP国家的竞争力。分析发现，印度与RCEP国家之间存在贸易互补性，并有可能加强经济合作。问题在于印度工业的利用率和出口竞争力不强。在签署新的自贸协定之前，当务之急是提高印度企业的出口竞争力。考虑到印度目前的贸易平衡、关税结构和印度商品的出口竞争力，我们认为印度别无选择，只能退出RCEP。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Vision-The Journal of Business Perspective Multiple-

CiteScore

4.60

自引率

0.00%

发文量

121

期刊介绍： Vision-The Journal of Business Perspective is a quarterly peer-reviewed journal of the Management Development Institute, Gurgaon, India published by SAGE Publications. This journal contains papers in all functional areas of management, including economic and business environment. The journal is premised on creating influence on the academic as well as corporate thinkers. Vision-The Journal of Business Perspective is published in March, June, September and December every year. Its targeted readers are researchers, academics involved in research, and corporates with excellent professional backgrounds from India and other parts of the globe. Its contents have been often used as supportive course materials by the academics and corporate professionals. The journal has been providing opportunity for discussion and exchange of ideas across the widest spectrum of scholarly opinions to promote theoretical, empirical and comparative research on problems confronting the business world. Most of the contributors to this journal range from the outstanding and the well published to the upcoming young academics and corporate functionaries. The journal publishes theoretical as well as applied research works.